ETH/BTC exchange rate bull James Fickel sold 6,500 ETH for 235.6 WBTC to repay and reduce positions 2 hours ago

Odaily Planet Daily reported that on-chain analyst Yu Jin monitored that the famous ETH/BTC exchange rate bull James Fickel continued to reduce his ETH/BTC long position 2 hours ago: selling 6,500 ETH (22.24 million USD) to repay and reduce his position by exchanging for 235.6 WBTC. ◎James Fickel's peak ETH/BTC long position was at the end of May, when he borrowed as much as 2,987 WBTC (204.7 million USD) from Aave, and the borrowed WBTC was purchased with ETH at an average exchange rate of 0.054. ◎Later, as the ETH/BTC exchange rate continued to decline, James Fickel began to reduce his position starting in August: redeeming ETH in batches and selling to exchange for WBTC to repay.

So far, over the past four and a half months, he has already repaid and reduced his position by selling 59,500 ETH for 2,398.2 WBTC, with an average exchange rate of 0.04.

@His current ETH/BTC long position still has 575.3 WBTC in borrowings.